Everi Holdings Inc (NYSE:EVRI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $10.81 and last traded at $10.67, with a volume of 49792 shares traded. The stock had previously closed at $10.06.
EVRI has been the subject of several analyst reports. SunTrust Banks initiated coverage on shares of Everi in a report on Monday, February 11th. They set a “buy” rating and a $9.00 price target for the company. ValuEngine upgraded shares of Everi from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Zacks Investment Research lowered shares of Everi from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Stifel Nicolaus set a $15.00 price target on shares of Everi and gave the stock a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.90.
The company has a market cap of $715.39 million, a price-to-earnings ratio of 110.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.83.
Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $123.78 million during the quarter, compared to analyst estimates of $120.92 million. Everi had a net margin of 2.82% and a negative return on equity of 7.83%. Everi’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. On average, research analysts anticipate that Everi Holdings Inc will post 0.3 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Everi by 33.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,701 shares of the credit services provider’s stock valued at $2,501,000 after buying an additional 68,627 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in Everi by 54.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 49,019 shares of the credit services provider’s stock valued at $450,000 after buying an additional 17,201 shares during the last quarter. Teachers Advisors LLC boosted its position in Everi by 4.5% in the 3rd quarter. Teachers Advisors LLC now owns 274,076 shares of the credit services provider’s stock valued at $2,513,000 after buying an additional 11,881 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Everi by 43.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 850,923 shares of the credit services provider’s stock valued at $7,803,000 after buying an additional 255,821 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Everi in the 3rd quarter valued at about $632,000. Institutional investors own 91.41% of the company’s stock.
Everi Company Profile (NYSE:EVRI)
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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